GDP Grows by 2% in the Euro Area and 1.9% in the EU in Q2
(Eurostat) The euro area recorded a 2.0% quarter-over-quarter jump in the gross domestic product in the second quarter, exceeding the EU’s 1.9% in the same period. The GDP jump was…
Japan’s GDP Exceeds Estimates to Grow by 0.3% QoQ in the Second Quarter
(Cabinet Office) The gross domestic product of Japan exceeded a market expectation of 0.2% growth in posting a quarter over quarter expansion of 0.3%. On an annualized basis, Japan’s economy…
UK GDP Estimated to Have Jumped by 4.8% in the Second Quarter
(Office for National Statistics) UK gross domestic product surged by 4.8% in the second quarter, following the easing of coronavirus restrictions. The UK GDP is now 4.4% below the pre-pandemic…
EU Lags Euro Area in GDP Increases at 1.9% and 2.0%, Respectively
(Eurostat) GDP in the EU rose by 1.9% in the second quarter, compared to 2.0% in the euro area from the first quarter. GDP has now risen by 13.2% in…
UK GDP Contracted by 1.6% in First Quarter on Fresh Covid-19 Restrictions
(Office for National Statistics) UK’s national output is estimated to have declined by 1.6% in the first quarter, a higher revision from the prior projection of 1.5% contraction. UK GDP…
Germany’s First Quarter GDP Plunges 3.4% YOY to Remain its Pre-Crisis Levels
Germany’s price-adjusted gross domestic product in Q1 2021 was 3.4% below that of the comparable quarter of 2020, according to Destatis press release. Price and calendar adjusted GDP was 1.8%…
EU and Euro Area Records Simultaneous Falls in GDP and Employment
The euro area recorded a 0.6% decline in GDP as employment fell by 0.3% in Q1 2021 from the previous quarter, according to a Eurostat press release. In the EU,…
U.S. Fourth Quarter Real GDP Revised Upward To 4.3%; Full-Year Contraction Kept at 3.5%
The United States' real gross domestic product (GDP) was revised higher to 4.3% in the fourth quarter of 2020, according to the third estimate of the Bureau of Economic Analysis.The…
Germany Economy Grew by 8.5% in Third Quarter amidst Recession Fears
German’s gross domestic product (GDP) expanded by a record 8.5% in Q3, more than expected 8.2%, according to the Federal Statistical Office’s press release. The growth was a recovery from…
U.S. GDP and Personal Consumption Rise in Q3, but Personal Income Falls
U.S. Real Gross Domestic Production rose at an annual rate of 33.1% in Q3 2020, above an estimated 31.0%, offsetting Q2 2020 declines of 31.4%, according to the Bureau of…
Brazil Optimistic: Central Bank Raises Growth Expectations
Brazil Central Bank expects a partial economic recovery after a sharp downturn in 2020Q2, according to a press release. Economic growth uncertainty larger than usual, concurrently with the unwinding of…